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Australia lost the "AAA" credit rating in 1986; And the downward trend in interest rates continued
Topic Started: 19 Dec 2016, 10:04 AM (3,286 Views)
herbie
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"Australia lost the "AAA" credit rating in 1986"

I bought me first house in Brisvegas in 1987 - Whingin' 'n moanin' about how much they'd gone up prior ta me buyin'.

Then tha f***er doubled AGAIN over tha next 5 yrs!!!

Hmmm - We can only all hope that doesn't happen agin I 'spose ...
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Jon Snow
21 Dec 2016, 09:04 PM
Different topic: Housing crash vs those who are sucking at the government tit and calling themselves investment geniuses.

At any rate, if house prices were to stay flat while everything else inflated 70%, the result would be the same. House prices in Indonesia stayed fairly flat while the currency depreciated 85%, crushing the standard of living and the emerging middle class. When this happens, house prices stay flat because the market is completely illiquid. Then you have assets you can't unload, no income and rising cost of living.

I've tried to explain the nuances of this to you before but you are too f***ing dumb to understand it, hence me using a sledgehammer rather than a hole punch.
Our currency isn't going to depreciate 85% any more than there's going to be a 40% crash from 2008 house prices.

We've tried to explain this to you before but you are too f***ing dumb.
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herbie
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While Jon seems keen ta tell me about wot's happened in Venezuela 'n India 'n Indo, I just struggles ta get all excited about it?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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herbie
21 Dec 2016, 09:46 PM
While Jon seems keen ta tell me about wot's happened in Venezuela 'n India 'n Indo, I just struggles ta get all excited about it?
It's just he doesn't realise they are basket case 3rd world nations.
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Simon_S
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Trollie
21 Dec 2016, 09:39 PM
Our currency isn't going to depreciate 85% any more than there's going to be a 40% crash from 2008 house prices.

We've tried to explain this to you before but you are too f***ing dumb.
Yes the AUD only dropped 47% when it went from the 1989 high of 89.42 to the 2001 low of 47.82

I wonder how much it will drop this time..........


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herbie
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How much might tha Ozbuck drop?

As a long term buy 'n hold property investor, I don't actually give a f*** - 'Cause its dropping is good for tha economy eventually anyway.

'Tho, yeah sure, if ya a short term trade tha f*** out of wotever type (whilst hopin' 'n prayin' ya got ya trades right), I imagine it might be important.

Hey 'n PS: If ya a short term trade tha f*** out of wotever type, might I suggest ya piss off ta tha natural home of such - Namely 'MacroBitchiness' ( http://www.macrobusiness.com.au/ ) - Where they're all just naturally pissed off that they can't afford ta buy houses - LOL
Edited by herbie, 22 Dec 2016, 12:17 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Jon Snow
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Simon_S
21 Dec 2016, 10:45 PM
Yes the AUD only dropped 47% when it went from the 1989 high of 89.42 to the 2001 low of 47.82

I wonder how much it will drop this time..........

Based on house price valuations, I reckon fair value is probably around 40c, but it might overshoot to the 30s on the downside.
Trollie
21 Dec 2016, 09:49 PM
It's just he doesn't realise they are basket case 3rd world nations.
At least the people who live there realise they live in a basket case 3rd world nation.

You still fantasise you live in the first world.

herbie
21 Dec 2016, 11:15 PM
How much might tha Ozbuck drop?

As a long term buy 'n hold property investor, I don't actually give a f*** - 'Cause its dropping is good for tha economy eventually anyway.
You don't think the dollar dropping will have any effect on the purchasing power of your income?

You'll be asset "rich" living on beans and toast.
Edited by Jon Snow, 21 Dec 2016, 11:37 PM.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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herbie
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Jon Snow
21 Dec 2016, 11:34 PM
You'll be asset "rich" living on beans and toast.
So how tha f*** do ya think a 'stupid' 'n debt 'n risk averse ole man like me got ta be asset "rich"?

Well that 'n hard work.

But hey, I'd personally prefer Vegemite wif me slice a toast each day - But wot tha f***? I could learn ta like beans I 'spose ... :)
Edited by herbie, 22 Dec 2016, 12:14 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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Simon_S
21 Dec 2016, 10:45 PM
Yes the AUD only dropped 47% when it went from the 1989 high of 89.42 to the 2001 low of 47.82

I wonder how much it will drop this time..........

Down approx 35% since mid-2011 relative to USD. Most suburbanites would probably be surprised by that.
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herbie
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Terry
22 Dec 2016, 12:14 AM
Down approx 35% since mid-2011 relative to USD. Most suburbanites would probably be surprised by that.
All Ords dropped maybe 55% in tha GFC? 'N tha Ozbuck woz down in tha 60s before tha RBA stepped in (I lived it; I remember it; I know).

Can't be bothered doing tha sums on such 'ancient history' again - But down 70 ta 75% measured in USD maybe?

Stop bein' such a nervous Nellie Tezza - Or go away 'n tell 'em all about all ya probs over here maybe ... Woe, woe, woe:

http://www.macrobusiness.com.au/

Hey, they'll even sell ya some tips on how ta trade ya way ta prosperity - LOL LOL LOL
Edited by herbie, 22 Dec 2016, 12:31 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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